The reference price of hot dipped galvanized products (HDG), for export from Brazil to South American countries, is $920/mt today, against $880/mt four weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In July, Brazil exported 13,500 mt and imported 41,800 mt of HDG against respectively 7,100 mt and 32,000 mt in June, according to SECEX.
The exports of July were destined to South American countries, on average at $1,295/mt, FOB conditions, shipped by ArcelorMittal (11,900 mt at $1,305/mt) and Usiminas (1,500 mt at $1,229/mt), while smaller volumes were shipped by CSN and by traders.
The imports were from Asia (41,600 mt, of which 31,800/mt at $611/mt from China) and Europe (200 mt at $1,503/mt), also FOB conditions.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors, at BRL 6,200/mt ($1,146/mt), against BRL 6,100/mt four weeks ago, ex-works, full taxes except IPI.
USD=BRL 5.41 (August 14)